UK Economy Shows Signs of Recovery as Services Sector Grows on Nostr: UK Economy Grew 0.7% in First Quarter of 2024, Exceeding Initial Estimate ...
UK Economy Grew 0.7% in First Quarter of 2024, Exceeding Initial Estimate
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#d3f8ffd3 ver:0.5
The UK economy grew by 0.7% in Q1 2024, exceeding initial estimates, marking the country's exit from recession. Services sector drove the improvement, with household saving ratio also increasing. Despite challenges, the UK economy shows resilience and progress, but sustained and stronger growth is needed. Global GDP growth forecast revised up to 2.5% for 2024, with the US driving growth. Challenges ahead include exports and high interest rates, focusing on domestic productivity and innovation is crucial for sustained growth. #UKeconomy #economicgrowth #resilience #globalGDP...
#newstr #UkEconomy #GdpGrowth #Ons #Recession #ServicesSector
https://here.news/story/d3f8ffd3?ver=0.5
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#d3f8ffd3 ver:0.5
The UK economy grew by 0.7% in Q1 2024, exceeding initial estimates, marking the country's exit from recession. Services sector drove the improvement, with household saving ratio also increasing. Despite challenges, the UK economy shows resilience and progress, but sustained and stronger growth is needed. Global GDP growth forecast revised up to 2.5% for 2024, with the US driving growth. Challenges ahead include exports and high interest rates, focusing on domestic productivity and innovation is crucial for sustained growth. #UKeconomy #economicgrowth #resilience #globalGDP...
#newstr #UkEconomy #GdpGrowth #Ons #Recession #ServicesSector
https://here.news/story/d3f8ffd3?ver=0.5